Cost of living in Lomita research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lomita is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lomita is 153, with 100 being the average.
The cost of living index in Lomita is 1.5x higher than the national average.
Lomita ranks as the #428 cheapest in California out of 635.
Lomita ranks as the #5,895 cheapest out of 6,412 in the US.
The median home value in Lomita is $643,500.
The median income in Lomita is $85,852.
According to the most recent data on the cost of living, Lomita has an overall cost of living index of 153, which is 1.5x higher than the national index of 100.
Compared to California, Lomita has a cost of living index that's 1.1x higher than California's index of 139.
The standard of living in Lomita ranks as #428 most affordable out of the 635 places we measured in California. By definition, that implies Lomita ranks as the #207 most expensive place in the Golden State.
For more reading on life in Lomita, check out:
Six factors go into calculating the cost of living index in Lomita. Here is how it fairs on each of the criteria:
The Services index in Lomita is 117.
The Groceries index in Lomita is 116.
The Health index in Lomita is 112.
The Housing index in Lomita is 243.
The Transportation index in Lomita is 137.
The Utilities index in Lomita is 109.
Living Expense | Lomita | California | National Average | |
---|---|---|---|---|
Overall | 153 | 139 | 100 | |
Services | 117 | 110 | 100 | |
Groceries | 116 | 112 | 100 | |
Health | 112 | 109 | 100 | |
Housing | 243 | 204 | 100 | |
Transportation | 137 | 126 | 100 | |
Utilities | 109 | 124 | 100 |
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lomita is $643,500.
The Median Rent in Lomita is $1,580.
The Median Income in Lomita is $85,852.
The Home Value To Income in Lomita is 7.5x.
The Rent To Monthly Income in Lomita is 0.22x.
Statistic | Lomita | California | United States |
---|---|---|---|
Median Home Value | $643,500 | $573,200 | $244,900 |
Median Rent | $1,580 | $1,698 | $1,163 |
Median Income | $85,852 | $84,097 | $69,021 |
Home Value To Income | 7.5x | 6.8x | 3.5x |
Rent To Monthly Income | 0.22x | 0.24x | 0.2x |
Item | Lomita | California |
---|---|---|
Shampoo | $1.17 | $1.06 |
Movie | $16.3 | $10.68 |
Bowling | $21.33 | $14.67 |
Haircut | $22.57 | $18.62 |
Beauty Salon | $76.5 | $39.05 |
Item | Lomita | California |
---|---|---|
Ground Beef | $4.58 | $4.22 |
Fried Chicken | $1.72 | $1.39 |
Milk | $2.19 | $2.05 |
Potatoes | $2.99 | $3.29 |
Pizza | $11.66 | $10.62 |
Beer | $9.82 | $9.38 |
Toothpaste | $2.51 | $2.34 |
Item | Lomita | California |
---|---|---|
Optometrist | $125.58 | $108.57 |
Doctor | $125.0 | $116.17 |
Dentist | $110.78 | $99.13 |
Item | Lomita | California |
---|---|---|
Gasoline | $3.31 | $2.22 |
Tire Balancing | $50.62 | $50.07 |
Item | Lomita | California |
---|---|---|
All Electricity | $185.68 | $167.67 |
Phone | $189.51 | $175.64 |
The cost of living varies in the cities and towns around Lomita. Here's a quick look at the cost of living in the most populous nearby places:
Torrance, CA has a cost of living index of 171, 1.1x Lomita.
Carson, CA has a cost of living index of 135, 0.9x Lomita.
Lakewood, CA has a cost of living index of 143, 0.9x Lomita.
City | Population | Cost Of Living | Vs. Lomita |
---|---|---|---|
Torrance, CA | 147,156 | 171 | 1.1x |
Carson, CA | 95,104 | 135 | 0.9x |
Lakewood, CA | 82,419 | 143 | 0.9x |
Redondo Beach, CA | 70,998 | 189 | 1.2x |
Cypress, CA | 50,279 | 154 | 1.0x |
Cerritos, CA | 49,630 | 169 | 1.1x |
La Mirada, CA | 47,957 | 147 | 1.0x |
Rancho Palos Verdes, CA | 42,316 | 217 | 1.4x |
West Whittier-Los Nietos, CA | 26,275 | 134 | 0.9x |
West Carson, CA | 22,024 | 141 | 0.9x |